Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 34.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,740 shares of the company’s stock after selling 46,700 shares during the period. Hodges Capital Management Inc. owned about 0.51% of Calavo Growers worth $2,524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Capital Management LLC acquired a new stake in shares of Calavo Growers during the fourth quarter worth about $7,851,000. Russell Investments Group Ltd. increased its position in shares of Calavo Growers by 134.8% during the fourth quarter. Russell Investments Group Ltd. now owns 280,584 shares of the company’s stock worth $8,252,000 after purchasing an additional 161,100 shares in the last quarter. Kent Lake Capital LLC increased its position in shares of Calavo Growers by 200.0% during the fourth quarter. Kent Lake Capital LLC now owns 300,000 shares of the company’s stock worth $8,823,000 after purchasing an additional 200,000 shares in the last quarter. First Dallas Securities Inc. acquired a new stake in shares of Calavo Growers during the third quarter worth about $555,000. Finally, Boston Partners acquired a new stake in shares of Calavo Growers during the fourth quarter worth about $351,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Calavo Growers Stock Performance

NASDAQ CVGW opened at $22.70 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.97 and a debt-to-equity ratio of 0.24. Calavo Growers, Inc. has a 52-week low of $21.42 and a 52-week high of $38.97. The business’s 50-day moving average price is $26.26 and its 200 day moving average price is $27.26. The firm has a market cap of $404.06 million, a P/E ratio of -252.22 and a beta of 0.61.

Calavo Growers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Tuesday, July 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, July 2nd. Calavo Growers’s dividend payout ratio is currently -444.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.